121 CECIL ST S E MINNEAPOLIS MN 55414

PID: 3002923440143

Property Overview

Parcel ID3002923440143

Lot Size6,327 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerNANCY ESERKALN

Assessed Value$518,500

Land Value$147,000

Building Value$371,500

Annual Tax$8,091

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Prospect Park - East River Road · Minneapolis

Median reported rent1,631/mo

Renter-occupied57.3%

Median home value$455K

Vacancy rate11.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1256

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth87 ft

Area~3,460 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 3,460 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
119 CECIL ST S E MINNEAPOLIS MN 55414	JOHN THORNTON	RESIDENTIAL-TWO UNIT	$453,200	50 ft
125 CECIL ST S E MINNEAPOLIS MN 55414	DELANO EUGENE HAMPTON	RESIDENTIAL-TWO UNIT	$467,600	62 ft
113 CECIL ST S E MINNEAPOLIS MN 55414	JAYNE L MANN/ANTHONY E MANN	RESIDENTIAL-TWO UNIT	$394,700	100 ft
131 CECIL ST S E MINNEAPOLIS MN 55414	DELANO E HAMPTON	RESIDENTIAL	$291,600	125 ft
152 BEDFORD ST S E MINNEAPOLIS MN 55414	PRATT FAMILY TRUST	RESIDENTIAL	$300,500	139 ft
148 BEDFORD ST S E MINNEAPOLIS MN 55414	S A JONES & J B JONES	RESIDENTIAL	$398,500	141 ft
156 BEDFORD ST S E MINNEAPOLIS MN 55414	ARND SCHEEL/C L P SCHEEL	RESIDENTIAL-TWO UNIT	$789,100	148 ft
109 CECIL ST S E MINNEAPOLIS MN 55414	B A FROSLEE & W P O'CONNOR	RESIDENTIAL	$367,400	150 ft
144 BEDFORD ST S E MINNEAPOLIS MN 55414	DANIEL L COOK & LORNA COOK	RESIDENTIAL	$306,000	159 ft
158 BEDFORD ST S E MINNEAPOLIS MN 55414	BRIDGET O'FLAHERTY	RESIDENTIAL	$347,400	168 ft

Property History

Most Recent Sale

Date202003

Price$307,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,091